YES NO 2 people found this helpful. â There are different dynamics that contribute to a steadily growing society. One of the most important parts is the FINANCIAL SECTOR. This aspect of an economy always makes sure that any business practices relating to money are regulated properly.
Prohibition in the United States. Prohibition in the United States was a nationwide constitutional ban on the production, importation, transportation and sale of alcoholic beverages that remained in place from 1920 to 1933.
By 1916, over half of the U.S. states already had statutes that prohibited alcohol. In 1919, the 18th Amendment to the U.S. Constitution, which prohibited the sale and manufacture of alcohol, was ratified. It went into effect on January 16, 1920âbeginning the era known as Prohibition. The Volstead Act While it was the 18th Amendment that established Prohibition, it was the Volstead Act (passed on October 28, 1919) that clarified the law.